Amount of policy development payment
241 Amount of policy development payment
The amount of policy development payment for a 6-month period, for an eligible registered political party or independent member, is the amount worked out using the following formula—where—A means the amount prescribed under a regulation for this definition.B, for a 6-month period, means the combined vote and seat ratio for the registered political party or independent member worked out under subsection (2) for the period.C, for a 6-month period, means the sum of the combined vote and seat ratios for each eligible registered political party and independent member worked out under subsection (2) for the period.
The combined vote and seat ratio for an eligible registered political party or independent member, for a 6-month period, is the sum of—
the vote ratio for the party or independent member for the period under section 242; and
the seat ratio for the party or independent member for the period under section 243.
This provision refers to the regulations (a regulation
). Made under this Act:
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.